Fees at Kwitt: The costs at a glance
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Kwitt is an app that can be used, for example, to elegantly share costs in a restaurant. You can find out here whether fees are due for the app and what else you might need Kwitt for.
Kwitt - the app to quickly pay costs
With the Kwitt app, you can send small amounts of money to friends and acquaintances quickly and easily. You can also easily request small amounts. Kwitt can be used optimally to share costs among each other: one pays the invoice in advance and all others transfer their share to the person who paid the invoice via Kwitt.
- If you want to use Kwitt, you need an online account in advance. You also need the Kwitt app, which you can get free of charge for both the Android smartphone and the iPhone.
- After activating Kwitt, you can quickly send money to a friend from smartphone to smartphone. To do this, simply select the recipient of the money from your contact list and enter the corresponding amount of money. With amounts up to 30 euros you don't even have to enter a TAN.
- If the recipient is also a Kwitt user, the process is very quick and uncomplicated. He receives a message on his smartphone that you have sent him money and that is the end of it.
- If the recipient is not a Kwitt user, he will also receive a notification. In addition, however, he must then also enter his IBAN.
Cost of using Kwitt
Basically, the fees for your bank account will be charged first. Of course, you cannot use the Kwitt app without an online account.
- As a rule, payment with the app is free of charge at the savings banks. However, no rule without exception. You should therefore inquire with your Sparkasse in advance whether you will incur any costs for transferring funds via Kwitt.
- The same applies to the customers of the Volksbanken Raiffeisenbanken. Sending money via Kwitt is usually free of charge. However, if your bank charges a fee for using Kwitt, you will be informed of this when you register.
In a separate article, we once again describe in detail how you use the Kwitt app to send money.